Rail track between Kamsar and Sangaredi in the west of Guinea for the delivery of bauxite by mining shuttle trains
Market Herald logo


Be the first with the news that moves the market
  • Lindian Resources has appointed Sahara Natural Resources to complete its Phase 1 drilling program at the Gaoual Bauxite Project
  • The drilling program will include 34 holes at approximately 600 metre spacing
  • The company is on track for the commencement of the drilling in November
  • Lindian Resources remains steady on the Australian Stock Exchange today and is selling shares for 1.6¢ apiece

Lindian Resources has appointed Sahara Natural Resources to complete its Phase 1 drilling program at its Gaoual Bauxite Project in Guinea.

Sahara is the African Specialists providing services to the mining, oil and gas, agribusiness and marine sectors.

The Gaoual Project is located in Guinea, West Africa and is one of the two major ‘Conglomerate Bauxite’ occurrences, discovered in Guinea.

The Phase 1 drilling program will comprise of 34 auger holes drilled at approximately 600 metre spacing.

Bouba Plateau is the primary conglomerate bauxite target within the Gaoual Project.

Lindian Managing Director Shannon Green says this is a key step towards commencing its phase 1 drilling program.

“We are very pleased to be partnering with Sahara who have an excellent international reputation and strong local capabilities to deliver,” he said.

“In line with our recently fast-tracked timeline, permitting at Gaoual is on-track to
be completed ahead of drill equipment mobilisation in late November,” he added.

Lindian Resources had high-grade bauxite assets on both West and East coasts of Africa.

Bauxite is the main source of aluminium and is used in a lot of industries like the chemical industry, refractory, abrasive, cement, steel and petrol industry.

Results from the Phase 1 drilling program is expected to be received in December 2019.

“With the first hole set to be drilled in December, we are confident of having initial results from this program by calendar year end,” Shannon said.

“I look forward to reporting further updates as we move closer towards commencement of drilling at Gaoual,” Shannon added.

Lindian Resources remains steady today and is selling shares 1.6¢ apiece at 12:07pm AEST.

LIN by the numbers
More From The Market Herald

" Red River Resources (ASX:RVR) commences drilling program at Thalanga

Red River Resources (RVR) has commenced a drilling program targeting gold areas near its Thalanga Operations in northern Queensland.
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.